European money market funds experience worst September flows on record

James Baxter-Derrington
clock • 1 min read

European money market funds recorded their worst September outflows ever, with €57bn leaving the space in a single month, according to data from the European Fund and Asset Management Association. Net sales of UCITS and AIFs was just €9bn, down 83% from August's figure of €53bn, with AIFs the only positive contributor over the month. UK fixed income funds suffer worst outflows since March 2020 UCITS funds recorded net outflows of €3bn in September 2021, compared to net inflows of €72bn the previous month, with the €57bn of flows haemorrhaging from money market funds enough to negat...

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